November 3, 2020 - FX Trading aggregator and bridge provider PrimeXM has reported FX volume figures for October 2020. PrimeXM volume figures are a good proxy for activity in the Retail FX (brokerage) market with most end customers being Retail FX brokers.
PrimeXM Year To Date Volume, 2020
PrimeXM registered a total of $894.36 billion in monthly trading volume in October across the 3 major Data Centre locations, which represents a 4.55% MoM decrease in trading volume compared to September 2020.
PrimeXM October 2020 Daily Volume
The highest daily trading volume of the month was recorded on 28 October with a $58.16 billion turnovers. The total number of trades in October was 25.07 million.
PrimeXM October 2020 Overall Statistics
The Average Daily Volume (ADV) in October was $40.65 billion, down 4.56% on September, in line with other platforms who also generally are recording lower volumes for October.
PrimeXM September 2020 Data Centre Statistics
76% of the total monthly traded volume was recorded in the London LD4 Data Centre – $686 billion in notional value. The Data Centre in NY4 has overtaken JP3 to be the second most active, with a monthly trading volume of $108.95 billion.
PrimeXM Top 15 Traded Instruments October 2020
XAUUSD has remained the most popular instrument which has been the case oover the past few months, with total trading volume at $245 billion in October. This represents over 27% of the overall monthly trading volume. EURUSD was still the favourite FX pair being traded with $132 billion of volume.
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